Korreborg Development ApS — Credit Rating and Financial Key Figures

Korreborg Development ApS (CVR number: 42341479) is a company from RANDERS. The company recorded a gross profit of -10 kDKK in 2021. The operating profit was -10 kDKK, while net earnings were -7.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -18.4 %, which can be considered poor and Return on Equity (ROE) was -23.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 79.6 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. Korreborg Development ApS's liquidity measured by quick ratio was 4.9 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.